Acrow Limited · ASX:ACF
Acrow — Shareholder Meeting (November 2025)
28 slides from Acrow's shareholder meeting presentation, Nov 14, 2025
Slide 1: Annual General Meeting – Chairman's Address and CEO Presentation
ASX Announcement 14 November 2025 ANNUAL GENERAL MEETING – CHAIRMAN’S ADDRESS AND CEO PRESENTATION Acrow Limited (ASX: ACF) (“Acrow” or the “Company”) is pleased to attach the following documents which will be presented at the Company’s 2025 Annual General Meeting which is being held today at 10.30a
Slide 2: Annual General Meeting – Chairman's Address
ASX Announcement 14 November 2025 ANNUAL GENERAL MEETING – CHAIRMAN’S ADDRESS Good morning, My name is Peter Lancken, and I am the Chairman of Acrow Limited. On behalf of the Board, I would like to welcome you to the 2025 Annual General Meeting. FY25 was a year of consolidation and continued strateg
Slide 3: Chairman's Address (continued)
ASX Announcement During the year, we also advanced the development of our enterprise resource planning project. The deployment of this investment, which will go live in 2026, will deliver greater scalability, efficiency and alignment across the business. Turning to the evolution of the Board, during
Slide 4: AGM Presentation
14 November 2025 AGM PRESENTATION Acrow Ltd (ASX:ACF) Presentation Steven Boland - CEO Raising the Standard in Construction. 1 Sydney Harbour Bridge
Slide 5: Disclaimer
DISCLAIMER This presentation is based on unaudited final results and provided for information purposes only. The information in this presentation is in a summary form, does not purport to be complete and is not intended to be relied upon as advice to investors or other persons. The information conta
Slide 6: Strategic Principles
STRATEGIC PRINCIPLES A clear, concise strategy that underpins the continued profitable growth of the business. Diversification of revenue streams across our core product and service offerings. Placing an equal importance on both the Construction & Industrial Access Markets. Maintain a disciplined ap
Slide 7: Positioning for Future Opportunities
POSITIONING FOR FUTURE OPPORTUNITIES 4 North East Link
Slide 8: Accelerated Capital Program
ACCELERATED CAPITAL PROGRAM Preparing the business for future work FY25 TOTAL CAPITAL SPEND RETURN ON INVESTMENT* 60 PP&E 57.9 58.0 Acrowdeck $1.3m 50 49.8 HURDLE RATE 40% $3.5m 43.5 40 41.8 30 % Non-growth Jumpform 20 $5.7m $15.1m 10 0 FY21 FY22 FY23 FY24 FY25 Total capex spend FY25 $39.7m (excl. e
Slide 9: Building Sustainable Earnings
BUILDING SUSTAINABLE EARNINGS Expanded Industrial Access to deliver recurring revenue business Industrial Access Revenue Represented 50% of group revenue in FY25 200 200 Industrial Access Acquisitions: 150 MI Scaffold (Nov-23) 132 $m 100 Benchmark Scaffolding (Mar-24) Brand Australia (Apr-25) 50 72
Slide 10: Jumpform Screens
JUMPFORM SCREENS 47 system wins across 33 projects since launch* 95 screens projects in progress nationally * Organic growth in VIC, SA and WA 7 24 Multiple repeat customers 12 projects include screens supply 14 Complementary to Jumpforms 5 Project wins in all major national cities 1 6 Record FY25 h
Slide 11: Positioning for Growth
POSITIONING FOR GROWTH CAPABILITY & FLEXIBILITY TRAINING & PRODUCT DEVELOPMENT & ENTERPRISE RESOURCE OF WORKFORCE DEVELOPMENT SUPPLY CHAIN MANAGEMENT PROJECT Large, skilled pool of scaffolders Cadet, graduate & apprentice Driving internal product Currently conducting the across key regions – ready t
Slide 12: Key FY25 Highlights
UGL Cooling Tower KEY FY25 HIGHLIGHTS 9
Slide 13: Safety Is Our Priority
SAFETY IS OUR PRIORITY 1 ZERO HARM IMPROVEMENT TRIFR 2 LTIFR 3 5.7 4.4 1.1 100% IMPROVEMENT 0 FY24 FY25 FY24 FY25 TOTAL RECORDABLE INJURIES LOST TIME INJURIES 6.0 1.0 5.0 100% IMPROVEMENT 0 1. 12 months rolling figures FY24 FY25 FY24 FY25 10 2.Total Recordable Injury Frequency Rate 3.Lost Time Injur
Slide 14: Key Operational Achievements FY25
KEY OPERATIONAL ACHIEVEMENTS FY25 INDUSTRIAL ACCESS - INDUSTRIAL ACCESS INDUSTRIAL ACCESS RECURRING REVENUE WA CONTRACT BMA CONTRACT Awarded landmark $42m contract for Contract renewal for three years plus Represents 50% of Group revenue Perdaman Project Ceres Urea plant one year option - from stand
Slide 15: Key Financial Metrics FY25
1 KEY FINANCIAL METRICS FY25 REVENUE EBITDA 300 100 $265.1 $80.2 250 $215.3 80 $74.6 200 60 150 $m $m 100 23% 40 8% 50 20 0 0 FY24 FY25 FY24 FY25 NPAT (Stat.) NPAT $33.0 $34.3 35 30 $25.6 30 25 $23.3 25 20 20 $m 15 9% $m 15 10 10 4% 5 5 0 0 FY24 FY25 FY24 FY25 11.54c EPS DPS 11.17c 5.85c 5.85c 12 6
Slide 16: Financial Track Record
1 FINANCIAL TRACK RECORD REVENUE($m) EBITDA ($m) ROE (%) FY19 71.0 FY19 14.8 FY20 17.0 FY20 87.0 FY20 19.5 FY21 14.5 7% CAGR FY21 105.7 25% CAGR FY21 24.3 33% CAGR FY22 23.0 FY22 148.3 FY22 36.3 FY23 32.7 FY23 168.5 FY23 53.2 215.3 FY24 27.1 FY24 FY24 74.6 FY25 265.1 FY25 80.2 FY25 23.7 0 50 100 150
Slide 17: Operations
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Slide 18: Two Markets. One Standard of Excellence.
TWO MARKETS. ONE STANDARD OF EXCELLENCE. CONSTRUCTION INDUSTRIAL ACCESS 15
Slide 19: Construction - Services & Markets
CONSTRUCTION - SERVICES & MARKETS FORMWORK COMMERCIAL SCAFFOLD JUMPFORM SCREENS H/WARE & CONSUMABLES SERVICES HEALTH & UTILITIES CIVIL HIGH RISE COMMERCIAL HIGH RISE RESI LOW RISE RESI MARKETS 16
Slide 20: Construction - Performance
CONSTRUCTION - PERFORMANCE Revenue Breakdown Labour & Cartage 10.7% Consumables 16.3% FY25 Equipment Hire 55.2% Product Sales 17.8%
Slide 21: Industrial Access - Services & Markets
INDUSTRIAL ACCESS - SERVICES & MARKETS SCAFFOLD HIRE LABOUR SOLUTIONS PROJECT MANAGEMENT TRAINING - ATEC EQUIPMENT SALES SERVICES POWER GENERATION OIL & GAS REFINERIES MARINE DEFENCE ASSET MAINTENANCE MARKETS 18
Slide 22: Industrial Access - Performance
INDUSTRIAL ACCESS - PERFORMANCE Revenue Breakdown Product Sales Scaffold Hire 19% 15.1% FY25 Labour Hire 65.9%
Slide 23: Group Outlook
GROUP OUTLOOK Over water access 20
Slide 24: Short Term Observations
SHORT TERM OBSERVATIONS Our deliberate strategy to diversify the revenue streams has delivered stable earnings during a downturn period in the broader construction industry. The Industrial Access division is continuing to grow with revenues approaching $200m in FY26 and contributing a larger share o
Slide 25: Medium Term Outlook
MEDIUM TERM OUTLOOK New hire revenue secured ytd is flat on PCP. However the sales pipeline has increased by 25% over the same period to $248m, the biggest total in the Company’s history QLD MAJOR PROJECTS SPEND Industrial Access market will continue to be very strong and a larger contributor to ove
Slide 26: Towards Brisbane 2032 Olympics
TOWARDS BRISBANE 2032 OLYMPICS ACROW LONG-TERM OPPORTUNITIES During the Lead up to the Games Other Opportunities Games Olympic Formwork Temporary National Tourist Commercial Scaffold Venue Construction Scaffold labour events facilities Surge Formwork Formwork Commercial Scaffold Commercial Scaffold
Slide 27: 1H FY26 Guidance
1H FY26 GUIDANCE 1 1H 1H Metric % chg FY25 FY26 (underlying) on pcp* (Actual) (Guidance) Revenue $126.6m $153.0m-$157.0m +22% EBITDA $39.0m $37.0m-$40.0m -1% *Midpoint DIVISIONAL REVENUE MIX SHIFT Construction Construction Margin - 74.2% Margin - 72.1% Construction 58% 34% FY24 50% FY25 50% 1H26 42%
Slide 28: Contact
CONTACT ACROW HEAD OFFICE 2A Mavis Street Revesby NSW 2212 1300 138 362 Steven Boland Andrew Crowther Matt Caporella info@acrow.com.au MD & CEO CFO COO www.acrow.com.au Investor enquiries & presentation questions Raising the Standard in Construction. investors@acrow.com.au 25